I first got an idea about running a betting shop business from my service year with a guy in my ppa, that had then about two shops and living comfortably without depending on FG monthly microscopic stipend, suffice to say he is a family man. But i never thought much about it because it was never my dream investment as i wasnt(not even now) proud of it, and the capital wasnt there then.
I have been at home for a while after leaving the teaching job i was engaged in last year, and was talking to another friend who owns a shop and told me that how profitable the business is. Even when the state govt didnt pay his salary for months it was this venture that was paying the bills.
He told me 'inu igbe lowo wa' meaning money resides with sh*t, but it never smells.
I just got this close to a million from my share of late pop's gratuity and want to go into betting shop business.
I just want to ask if its that profitable, as i cant afford to watch the money go down the drain, and tips on how to make it work. Tanks.

It is a very good idea. Just go to students area, get a shop and set it up there. Provide a space where students can charge at owner's risk....get a good generator, dstv. Also have virtual game too....aja n sare.... Then u are good to go.....students will always play and u will always gain.....

davefieldpop:
I first got an idea about running a betting shop business from my service year with a guy in my ppa, that had then about two shops and living comfortably without depending on FG monthly microscopic stipend, suffice to say he is a family man. But i never thought much about it because it was never my dream investment as i wasnt(not even now) proud of it, and the capital wasnt there then.
I have been at home for a while after leaving the teaching job i was engaged in last year, and was talking to another friend who owns a shop and told me that how profitable the business is. Even when the state govt didnt pay his salary for months it was this venture that was paying the bills.
He told me 'inu igbe lowo wa' meaning money resides with sh*t, but it never smells.
I just got this close to a million from my share of late pop's gratuity and want to go into betting shop business.
I just want to ask if its that profitable, as i cant afford to watch the money go down the drain, and tips on how to make it work. Tanks.

My brother don't contribute to ruining the lifes if both the young and old in the society. I have written on this betting/gambling issue on a thread i created on nairaland and how it has destroyed the lifes of many people turning people to result to stealing selling off there belongings and turning them to beggars and chronic liars. Would you like your loved ones to follow this path? Sure you would not. There are many better things to invest that your money on that is profitable and would give you rest of mind.e.g You can be an wholesaller of FMCG companies like P.Z,P&G,UNILEVER and the likes.I assure you it is better than than sport betting shop take this as a good advice from me.